£306,593
This estimated value is based upon the latest sale price for the house of £213,000 on 24 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £213,000 | 24 Jul 2015 |
| £97,500 | 26 Sep 2002 |
| Semi-Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £213,000 results in an estimated price of approximately £306,593.
| 24 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £213,000 | £93,593 | £306,593 |
The Postcode Pricing Model uses changes in average sales price within the NE25 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 30.741 % | £65,478 | £278,478 |
| 3 Month Average | 27.508 % | £58,592 | £271,592 |
| 6 Month Average | 14.985 % | £31,918 | £244,918 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £83,228 | £82,500 | 14 ORCHID MEWS THORNTREE DRIVE |
| 24 Oct 2022 | £222,603 | £225,000 | 29 BURNBANK AVENUE |
| 12 Oct 2022 | £158,296 | £160,000 | 9 KIELDER ROAD |
| 21 Jul 2022 | £240,648 | £240,000 | 9 GREYSTEAD ROAD |
| 27 Jun 2022 | £233,297 | £230,000 | 27 OTTERBURN AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Otterburn Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Otterburn Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Ludlow Drive |
| Apr 2024 | Anti-social behaviour | On or near Nelson Road | |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Nelson Road |